Central Oregon Real Estate & National Real Estate Markets Comparison…
- Central Oregon is seeing many of the same trends that experts are pointing to as the cause of the national housing recovery.
- The Central Oregon real estate market (depending upon location) saw a drop in value of somewhere close to 40% on average, in general the same holds true nationally.
- Housing starts are up nation wide along with housing starts here in Deschutes County (“homebuilding in Bend appears to have jumped up from the bottom: the city issued 452 permits for new single-family homes last year (2012), up from 256 in 2011 and 186 in 2010.” -Bend Bulletin).
- Investors drove the lower end of the market in 2012 nation wide, as they did here in Central Oregon (2012 Bend Oregon traditional home buyers in the sub 250k price range had a difficult go of it in 2012 because of competition from investors eager to profit from a strong Central Oregon rental market).